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For flippin' sake, oppenheimer, what kind of deformed logical fallacy merchant are you? Seriously? You're quoting tom winnifrith's absolutely ancient technique or starting a rumour himself and then citing it in one of his throwaway comments on his clickbait 'website' as one of those 'some people are sayin'' comments The man is literally using himself as a source to see if he can stir up a bit more controversy for the sake of it and then you 'retweet' it here, complete with the idiot's lament 'oh dear'?!?! Oh dear, indeed.
Https://www.londonstockexchange.com/news-article/ECOB/official-certification-for-latin-american-markets/16428716
The 'start' accelerates a bit more. Chile is clearly being advanced in parallel to Albania so this certification is notable for that. The next update will hopefully turn back to Albania and deliveries into customers.
The 'company' (anyone can see that constitutes a group of 2) can seek all the legal advice it wants, but it won't change the simple fact that Swann is perfectly within his rights to call a GM and looks well positioned to get to 50.1% in support of at least his 2 key proposals. As a result, I reckon any professional advisor the company hires from here will likely very soon turn into an expensive way of telling the US directors to resign before they suffer needless humiliation. Or worse
Tt - that rns was a guidepost. Albani is a serious individual for whom Eco shareholders can rely on to give 110% towards the series of goals clearly implied in the release. Let's hope his stepping up to this executive role is a hint of important milestones to come soon.
I'll concede that nothing short of line-of-sight of first revenues linked to deliveries into the 2 big contracts in Albania and Kosovo and/or signing another big deal in another jurisdiction that the company keeps alluding to, is going to get the share price popping, but today's RNS can be read as a hint of more positive developments to come (soon). Albani has obviously been the key figure in securing and maintaining the company's key advantage (despite the sp performance) over its competitors: the massive dual contracts in the region and is likely close to signing more business, as this RNS implies. Agreeing to essentially come out of the background and take such a prominent executive role at the company - for me - indicates they're ready to move forward in a way we all want to see: delivery of product, first revenues, and then growing the business elsewhere through JVs and partnerships. And perhaps I am too ambitious in my reading of the RNS, but I am cautiously encouraged by quotes like, "As the Company's largest shareholder, I want to assure our long-supporting as well as potential investors, that my efforts will be keenly focused on creating shareholder value and improving the performance of our shares. Your trust and investment in our company are paramount and I am committed to working diligently towards our collective success." At least it comes close to a mea culpa for the appalling sp performance-to-date and a promise to do better going forward. Let's see.....
https://www.londonstockexchange.com/news-article/ECOB/board-change/16422181
Pretty puckish defence of the fundraise/use of funds. Expectations of order delivery is now even higher, but he's pretty persuasive that the company raised funds for the right reasons and confidence internally seems genuinely high:
https://x.com/StockBoxMedia/status/1771091824922276286?s=20
or: https://youtu.be/xqbw_S1Q53M?feature=shared
Anyway, there's enough fighting on these message boards already, joe. Even though I/we probably won't be able to keep to remain this way, for now, let me try to walk back some of my hostility: I get you didn't mean 'proof' in the courtroom sense of the word. Rather, I think you meant that the Company hasn't 'demonstrated' that those contracts in Albania and Kosovo are 'active' as there hasn't been any announcements yet of panel deliveries into them. Fair point, and fwiw I'm just as impatient for that as you are, probably more so. But understand as well, that if the Company for any reason was no longer in a position to deliver soon into those contracts for any reason - from a breakdown in the production facilities to the cancellation of one or both of the 2 confirmed, signed 3-year contracts which represent the potential for E110m to the Company over that period - that would have had to be announced by now. Our default position as (frustrated) shareholders must necessarily remain that the Company's most recently announced timeline for 'first home' delivery will be around this quarter end. Let's go.....
What do you think the dough was for except to be able to deliver on future orders as well? and 'proof'? Investors don't get 'proof' of the business claims like confirmed contracts of any company anywhere and have to rely on the oversight of regulated advisors and public regulators and the threat of severe punishments if the claims provided in regulated public statements such as in RNSs and/or admission documents are shown to be false, in order to make their investment decisions. Of all the public companies in the world, somehow you're demanding that ECOB be held to a higher standard of evidence.....? Didn't think so. The contracts are signed, in place and active and I'm confident the steady improvement in the Company's output will result in updates soon on early deliveries into those contracts as well as progress in other markets.
Cap-xx, helium 1 ?!? are you high? he1 didn't have its 'massive rise' until it almost literally went to 0, and its already made a fool of many of the punters that chased it as its fallen 50% in just a few days. And cpx is an even worse example. Are you suggesting you would have waited precisely until Friday to buy it in order to have made the 50% bounce that occurred today? Ecob is a real business with real orders that will satisfy your need for a material update soon enough I'm sure. And when it recovers, it will continue to do so because the product is so sorely needed and the demand is almost unlimited. Promotional enough joe?
Good old BS. you didn't read my post, obviously. In a situation like this, within the current oppressive regulatory environment on AIM, there is simply no such thing anymore as 'appeasing the NOMAD'. Every word in an RNS like today's has to vetted and substantiated before any NOMAD would dare allow the company to release it. The wrath of the regulator is just not worth the 60k or so a year the NOMAD is getting. Trust me on that
What more do you need at this point, Retired? Given the complexity of the transaction and the difficulties with Triam and the period of silence as you reference, this update could have been way worse, imv. First you have to accept that given the length of suspension so far, that the NOMAD will necessarily be holding a gun in one hand and a microscope in the other in their comms with the Company. The first in order to make sure a full update was provided and the latter to scrutinise any and all claims made in today's release. With that in mind, despite the cynicism here dialled up to 11, I think you have to accept that the RNS's most important contention - that this latest deal is likely to close by this month-end - is in fact the most likely outcome for the Company, and for that, we should all be encouraged. In other words, there is next to 0 chance that the Company could include a statement like, '....I am confident that the difficulties of this past year will soon be behind us as our forthcoming Refinancing will enable us to fulfil our long-held strategy of becoming the majority shareholder in ELI....' without significant, credible evidence provided to a NOMAD who is, by definition, going to be on hyper-'SHOW ME' mode. Like it or not, that is at present, now shareholders' highest probability outcome and, as I said already, the message in today's release could have been far, far worse than that. Also, I honestly thought the creditor section, again given how long this has dragged out, would necessarily have had a far more negative tone to it with the Company having to reveal some more dramatic actions taken by a creditor or 2. Instead, reading between the lines a bit, I honestly felt that the RNS portrayed a more 'relaxed' creditor base than one might have reasonably expected, ie., lending more credibility to the overall confidence from management that this latest deal will in fact close soon.
And for what its worth, nobs, I can happily go all day kicking your bitter, misinforming butt from one side of this board to the other all day long, but for the health of what remains of your pride, I strongly suggest you remember your dopey pledge to quietly return to your imaginary 'life' and a time when you arrogantly believed there was no one here to expose you, and you could still make meaningless, patronising statements like that without any fear of being embarrassed. Oooops. [final note: since I know just how brittle your ego is, I also am quite aware that me inviting you to keep your pledge to disappear for another few months will have exactly the opposite effect. It's what I'm counting on].
I'm 'blah blahing', you titanic hypocrite?!? You combine irrelevant, often outright wrong history lessons and then totally ignore comprehensive takedowns complete with receipts of your nonsense, and then move onto the next empty attempt to malign the company, hoping no one notices your methods or intentions. Now it's the coming financial reporting that's going to make you look less the disgruntled ex-employee you are and more some kind of, what, noble purveyor of truth to the ignorant masses? The coming financial reports will cover a period when the Company was severely impacted by the negligence of its auditor and forced for months to have its shares suspended, and thus will reach full scale production and then start to ship into its E114m order book in Q2 2024: of course the numbers covering an earlier period are going to be poor, you muppet. As poor as they are meaningless, however. Do you honestly think anyone, anywhere (except you of course) expects anything different and therefore isn't completely focused on what management say about the business GOING FORWARD and couldn't give a monkeys what the legacy numbers show as a result?!? You must really think that readers here are as dopey, malicious and corruptly selective in their thinking as you are? 'The financial figures don't lie'??? Perhaps not, but you surely do.....
Nice try, nobs. Very trumpian-level projection. By your comments, it's clear you were fired by the Company while you can relay for me to your 'friend' at PKF that he and his fellow 'partners' fear of the equivalent of an American class-action lawsuit is very well founded. God, what a transparent phoney you are.
Other than the brief time you spent with ECOB before being fired, have you ever worked for a public company forced to suspend its shares, particularly one that has just completed a long suspension spent closing a complicated RTO, Nobs? Of course it's going to cause serious issues that inevitably disadvantage the company and yes, potentially cause severe delays in meeting business deadlines. Company executives can work overtime to try and explain to suppliers, customers and even investors that it is entirely down to the auditor's incompetence, but many will still worry about the Company's health and some will inevitably slow walk their business with the Company and thus, cause delays. I never said it was the only reason that ECOB may be a few months behind their earliest timeline, but PKF's outrageous dereliction of their commitment to ECOB was by far the biggest. Now you get it?